Washington Harbour Partners LP Takes $2.67 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Washington Harbour Partners LP bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,800 shares of the company's stock, valued at approximately $2,669,000. CrowdStrike makes up about 5.0% of Washington Harbour Partners LP's investment portfolio, making the stock its 9th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $27,000. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in CrowdStrike in the 4th quarter worth about $34,000. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in CrowdStrike in the 4th quarter valued at about $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the sale, the chief financial officer now directly owns 249,653 shares of the company's stock, valued at $109,068,402.64. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,431 shares of company stock valued at $74,472,548. Insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRWD. Canaccord Genuity Group increased their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Stephens assumed coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price target on the stock. Robert W. Baird decreased their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Roth Capital started coverage on CrowdStrike in a report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective for the company. Finally, Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $403.83.

CrowdStrike Stock Up 2.1%

CRWD traded up $9.33 during trading on Thursday, hitting $444.07. The company had a trading volume of 2,588,026 shares, compared to its average volume of 5,098,078. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $110.07 billion, a PE ratio of 870.74, a P/E/G ratio of 17.86 and a beta of 1.22. The business has a 50-day moving average of $391.60 and a 200-day moving average of $377.11.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.